Edmunds.com Reports on Q2 Used Car Market and Rest of Year

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Auto Remarketing - August 6, 2013

Edmunds.com released a report on sec­ond quar­ter used car activ­i­ty and found that prices rose 1.9% from first-quar­ter lev­els; the aver­age retail price for used vehi­cles sold at fran­chised deal­er­ships was $16,134. Year-over-year, prices in the sec­ond quar­ter were down 1.2%

For the rest of 2013, the indus­try can expect a typ­i­cal sea­son­al used price pat­tern – increas­ing in spring, sta­bi­liz­ing through ear­ly sum­mer months, and then decreas­ing after that. Edmunds.com also thinks that the mid­size car seg­ment may drop more than the aver­age in the com­ing months. This will like­ly be due to increas­ing lev­els of avail­able inven­to­ry.

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